The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Jun 6, 2017
Washington, D.C. - The recreation vehicle industry’s shipments will reach 472,200 units in 2017, the highest annual total since the data has been collected, and a 9.6 percent increase from the number shipped last calendar year, announced Frank Hugelmeyer, President of the Recreation Vehicle Industry Association.
According to a new forecast presented by Hugelmeyer at RVIA’s Committee Week luncheon, RV shipments are expected to reach even greater heights in 2018, with wholesale production projected at 487,200 units.
Shipments totaled 120,866 in the first quarter of 2017, an increase of 11.7 percent from 2016. This represented the highest shipment rate of any quarter since 1981, with the monthly totals rising throughout the quarter for all types of RVs. The quarterly gains were widespread, with type B and C motorhomes up by more than 30 percent from the previous year, and conventional and fifth-wheel travel trailers up by 10 percent. Shipments of folding camping trailers and truck campers fell 10 percent from 2016.
“Our industry is in an era of unprecedented growth,” Hugelmeyer says. "We are poised to record an eighth consecutive year of shipment gains, mainly due to product innovations that appeal to retiring baby-boomers as well as younger buyers. The recession is in the rearview mirror. This is a new era for the RV industry.”
According to Hugelmeyer, the new expected peak in 2018 will mark a ninth consecutive year of expansion. The previous record of five years was set from 2002-2006.
The favorable RV outlook is based on continued modest gains in wages and household wealth and relatively small expected increases in inflation, interest rates and energy prices. Increased unit sales have expanded the ranks of active RVers, who have traditionally become repeat buyers. The current record expansion will help to bolster sales in the years ahead.
RVIA is the national association representing about 400 manufacturers and component suppliers producing 98 percent of all RVs made in the United States. For more information, please visit www.RVIA.org.